housing market in northern virginia: Previewed 15 houses, losing on 6 offers, & feeling discouraged Will I find a HOME?
- 12/19/20 04:08 AM
The housing market around the country is crazy hot. It reminds me of 2005 -2006 when as a Northern Virginia Realtor we use to run around like a manic, write offers on the hood of the car trunk, and fax or hand-deliver the offers. Some of the agents back then still did not have a cell phone so waiting by our office or home phone until late-late night to hear a decision. And again back in the morning at 7 AM off on the road to see the home that just popped on the market. While some of my other buyers were … (3 comments)
housing market in northern virginia: Northern Virginia Real Estate - Is this Market Topping Out?
- 05/19/17 07:06 AM
If you or you have friends and family housing hunting finding in the Northern Virginia area of Loudoun & Fairfax county home buying has been a stressful journey. Since the beginning of 2017, we are facing a tight inventory and multiple bids have been a common scene. For real estate agent like me who has been in the industry for a while and seen the 2005-2006 market feels like a flashback! As soon as the home hits the market we would try to preview and submit the offer right on spot. The sellers dominated our terms and worst part appraiser back then was a drive … (0 comments)
housing market in northern virginia: Rain or Shine-April 2016 Housing Market is Strong in Loudoun County VA
- 05/15/16 10:15 PM
Most of the Northern Virginians have not seen a ray of sunshine in past 2 weeks. We are still wrapped up in our jackets and have not put away winter sweaters!! Ya sounds like we are cursed my mother nature or global warming. However, the weather which has a huge impact during our winter month did not affect the strong spring market. All the numbers are in the green zone (positive and strong). The inventory is lower than last year by double digits (17.48%). This may be one of the many reasons why buyers are seeing multiple offers or home flying off the market within … (2 comments)
housing market in northern virginia: Overall Sluggish 2015 Fairfax County Real Estate Market
- 01/14/16 08:57 PM
Many of us think Fairfax county in the Northern Virginia area is a recession-proof housing market. Neighboring county Loudoun County real estate market report is depressing and discouraging. However, 2015 was not the strongest year for the Fairfax County housing market compared to past performance of the county's housing market. A very similar trend was reflected in the Fairfax county housing market. We had months with very strong sales while other months it felt real estate market has frozen. Overall Fairfax county real estate market still came out stronger than Loudoun county area. The strength of the Fairfax county real estate market was a smaller percentage of the difference between … (1 comments)
2015 real estate market in Northern Virginia went through roller coaster ride of ups and downs. Here is a snapshot of what happen and hopefully we have a positive market in 2016. 1. Fed's rate hike was the top concern for home buyers and sellers in the DC Metro area. Finally, when the Fed did rate hike (may be due to holidays) it did not affect the housing trend in the Northern Virginia area. 2. Harsh winter & sluggish spring market did not give optimist outlook for the 2015 housing market. 3. A slower summer real estate market was followed by a very strong fall housing … (0 comments)
Countdown to 2016 is almost here!!! Personally, I thought this year went by very fast! Here are the 2016 housing trend I think that buyers and sellers will be looking for in the Northern Virginia real estate market. 1. Bookshelves are OUT: DC Metro area is very tech savvy. Kindle, tablets and other e-readers have replaced the intellectual collection of books displayed in a room. If you are still a book lover and would like to display your collection minimize the number of books and add art or decorative pieces to break down the nerdy look of the bookshelf. 2. Granite: Granite is still leading as a … (0 comments)
Is it due to anxiety of the FED raising interest rate? Or Buyers want to buy before school reopens? Here are the key facts about the Northern Virginia Loudoun County Real Estate Market in August 2015: Sales volume is up double digits-13.97% Averages Sold Prices is down: especially single family/detached homes. While town homes/attached homes did see a slight up in the pricing. Average days … (0 comments)
The Washington DC Metro area housing market in September continued the trends seen throughout the year, with buyer activity lower than its year-ago levels and seller activity continuing to rise. Closed sales decreased 2.2 percent from September 2013, but were higher than their 2010, 2011 and 2012 totals. In September, there were increases in closed sales in four jurisdictions: Falls Church City (+122.2 percent), Arlington County (+10.3 percent), Montgomery County (+1.5 percent), and Washington, DC (+0.7 percent).
PRICES
Small increase in median sales price driven by townhomes. The median sales price for the region increased 0.8 percent, … (1 comments)
housing market in northern virginia: Icy weather chills January sales pace in DC Metro
- 02/16/14 09:10 PM
Winter weather dampens buyer activity though price gains continue; Active listings increase across all property segments OVERVIEW The DC Metro Area was off to an unusually cold and snowy start, likely affecting buyer activity in the region. Closed sales decreased 2.1 percent from last January with declines in both single-family detached home and townhome sales. New contracts also decreased from last year, falling 10.5 percent with declines across all property segments. However, seller activity continues to improve and both active listings and new listings increased from January 2013. Active listings rose 11.5 percent from this time last year, marking the fourth … (3 comments)
housing market in northern virginia: Northern Virginia Real Estate Market Report-Nov. 2013
- 12/17/13 12:49 AM
Our last quarter ...year end...holiday months have a typically housing trend in the Northern Virginia area. To add to this we had to face government shut down in October. For some it damped their confidence in housing market while others proceeded with their home sell and purchase. Compared to 2012, November 2013 showed a overall price increase of 17%. The average days on the market increased bit from following months in 2013 however it was still on the positive mark of -13%. The biggest change was the inventory. We did have an increase in the inventory in the market. Northern Virginia … (3 comments)
housing market in northern virginia: DC Metro Price Increases Continue into August 2013 as Demand Remains Strong
- 09/12/13 12:35 AM
Demand remained strong in the Washington DC Metro Region in August 2013. The number of sales and pending contracts increased. Inventories continue to decline, but the pace has slowed to a single digit year-over year decrease. New listings continue to increase and mitigate the decline of inventories. Demand for smaller units in the market continues to drive much of the overall sales. Sales of units smaller than 800 square feet increased by 35.6 percent from last August, which is over double the 13.8 percent increase for all units. Condo sales drove the majority of the increases in both sales and new … (7 comments)
housing market in northern virginia: 17 FACTS about Future of Northern Virginia Real Estate Market -2013
- 03/18/13 04:28 AM
11.83% Increase of median sales price in the Northern Virginia area since February 2012. 5.25% Increase in February 2013 home sales in the Northern Virginia area (1,103) compared to February 2012 total home sales (1,048). 26.67% Decrease in average days on market for homes in February 2013, compared to February 2012, from 75 days down to 55 days. Limited Supply: Prices will keep rising because there is a 1.84 months’ supply of available housing in Northern Virginia. This is a 36% decrease since February 2012. More Expensive To Rent Than Own: Compared to the 4th Quarter of 2012, 2013 monthly average … (1 comments)
housing market in northern virginia: Loudoun County-Northern Virginia Real Estate July 2012
- 08/28/12 03:21 AM
The shrinking inventory of homes for sale continues to play a major role in the Northern Virginia housing market. As per RBI/MLS, the total inventory of active listings is the lowest of any month since August 2005 in the DC metro area. The limited quantity of homes for sale is causing the median days-on market to decrease (from 45 days to 43 days), and the sale-to-list price ratio to rise (by 5.22% compared to July 2011). Multiple offers are fairly common situation in the Loudoun County area. Here is the snapshot of the housing market in the Loudoun county which includes … (0 comments)
housing market in northern virginia: July 2012-Northern Virginia Fairfax County Real Estate Market Report
- 08/28/12 12:49 AM
The shrinking inventory of homes for sale continues to play a major role in the Northern Virginia housing market. As per RBI/MLS, the total inventory of active listings is the lowest of any month since August 2005 in the DC metro area. The limited quantity of homes for sale is causing the median days-on market to decrease (from 45 days to 43 days), and the sale-to-list price ratio to rise (by 5.22% compared to July 2011). Multiple offers are fairly common situation in the Fairfax County area. Here is the snapshot of the housing market in the Fairfax county which includes … (1 comments)
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The housing market around the country is crazy hot.
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